Chambers Corporation will pay a dividend of $4.25 per share next year. The company pledges...
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Chambers Corporation will pay a dividend of $4.25 per share next year. The company pledges to increase its dividend by 5.8 percent per year, indefinitely. If you require a return of 12.5 percent on your investment, how much will you pay for the company's stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current stock price
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